Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 1 m (6 Points) Question 16 points) : AQM Company is a manufacturing company that manufactures one product (couches), this one product has multiple

image text in transcribed

Question 1 m (6 Points) Question 16 points) : AQM Company is a manufacturing company that manufactures one product (couches), this one product has multiple costs and expenses, from the data provided by the company please find and solve the questions below Data provided : Costs Manufacturing Manufacturing output = 1,000 output = 3,500 units units Wood cost 5,000 $ 17,500 $ Fabric cost 4,000 $ 14,000 $ Security costs 3,750 $ 3,750 $ Sales Department 3,000 $ 6,750 $ salaries Glue and stitching 300 $ 1,050 $ costs Utilities cost 1,750 $ 6,125$ 1 2 3 4 5 6 Solve the following: 1. Identify which of the above costs is/are the Variable costs (in name) 2. Identify which of the above costs is/are the fixed cost (in name) 3. Identify which of the above costs is/are the mixed cost (in name) 4. for the mixed cost element find the variable cost per unit 5. for the mixed cost element find the fixed cost 6. for the mixed cost element find the total cost for the manufacturing output of 3,350 unit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting For Decision Makers

Authors: Mark DeFond

2nd Edition

1618533142, 9781618533142

More Books

Students also viewed these Accounting questions

Question

Create a Fishbone diagram with the problem being coal "mine safety

Answered: 1 week ago